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Wed, May 08, 2024 06:38 AM All times are UTC

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FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption

May 22, 2017 14:49 pm UTC| Technicals

USD/JPY dipped on Monday as a weaker U.S. dollar and political turmoil in the United States fuelled demand for safe-haven Japanese yen. Investors continue to focus on the problems that have engulfed President Donald...

FxWirePro: GBP/USD downside capped by daily Tenkan-Sen, good to buy on dips

May 22, 2017 13:55 pm UTC| Technicals

Cable formed a temporary top around 1.30475 and declined slightly from the level on account of renewed worries over Brexit negotiations. GBP/USD shown minor profit booking after hitting 7- month high. The pair came...

FxWirePro: Loonie Trade idea

May 22, 2017 12:12 pm UTC| Technicals

USD/CAD has broken major support of 1.35296 low made on Apr 27th 2017 and declined till 1.35085 on account of increasing crude oil prices. Short term trend is still weak as long as resistance 1.3600 (21 EMA) holds. It is...

FxWirePro: EUR/GBP breaks 200-DMA at 0.8595, good to go long on dips

May 22, 2017 10:52 am UTC| Technicals

EUR/GBP has shown a decisive breakout above 200-DMA at 0.8595, bias higher. EUR has been supported largely by a pick-up in the risk-on trade coupled with increasing weakness in the greenback. Upside over the last...

FxWirePro: Copper breaks above 20-DMA, eyes 100-DMA 2.6261, stay long

May 22, 2017 10:00 am UTC| Technicals

Copper has managed a decisive break above 20-DMA, bias higher. The pair had been struggling to break past 20-DMA from the past couple of sessions. Breakout above 20-DMA has raised scope for test of 100-DMA at...

FxWirePro: WTI Crude Oil trades above 89 –W EMA ahead of OPEC meeting, good to buy on dips

May 22, 2017 09:53 am UTC| Technicals

WTI crude oil broken major psychological resistance at $50 in the previous week and has closed well above that level. It is currently trading around $ 51.01. Crude oil prices jumped sharply almost $3 in the previous...

FxWirePro: WTI Crude Oil trades above 89 –W EMA ahead of OPEC meeting, good to buy on dips

May 22, 2017 09:53 am UTC| Technicals

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Grayscale's Ethereum ETF Twist: Withdraws Application Days Before SEC Verdict

In a dramatic turn of events, Grayscale shocked the cryptocurrency community by retracting its application for an Ethereum futures exchange-traded fund just days before the SECs looming decision deadline. This cast doubt...

Tesla Cybertruck Incident: Owner's Finger Injury Raises Safety Alarms

In a risky demonstration gone wrong, a Cybertruck owners attempt to prove its safety features backfired, resulting in a finger injury and stirring debates about the vehicles design and safety algorithms. Unexpected...

US Revokes Intel, Qualcomm Licenses Amidst Chip Sales Restrictions on Huawei

In a significant escalation of trade restrictions, the United States has revoked licenses from leading semiconductor manufacturers Intel Corp. and Qualcomm Inc., obstructing Huawei Technologies Co.s access to vital chip...

Binance CEO Discloses $150 Million Bribe Amidst Tensions with Nigerian Government

Binance, the renowned cryptocurrency exchange, disclosed that Nigerian government authorities demanded a staggering $150 million in bribes to quell legal actions against its executives, igniting a fierce dispute between...

Hong Kong Central Bank Leads Initiative to Explore Asset Tokenization Advancements

The Hong Kong Monetary Authority (HKMA) has spearheaded the formation of a specialized community to explore asset tokenization. Partnering with various industry players and regulators, this initiative seeks to drive...